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MediaPiratebay's View on Bitcoin Cash (i.redd.it)

submitted by Zimaar> 1 year account age. < 50 comment karma.

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[–]phloating_manPlatinum | QC: XMR 64 29 points30 points  (4 children)

Doing a bit of blockchain analysis.. I got the following BTC addresses and amounts for their donations...

[–]rackham15 30 points31 points  (1 child)

“And an unknown amount of Monero”

[–]RocketCowCrypto God 6 points7 points  (0 children)

Those are some serious numbers.

[–]AsianFrenchieStudent 225 points226 points  (120 children)

No eth? They can't be serious...

[–]ethswagholderCrypto God | QC: CC 221, BCH critic. 103 points104 points  (66 children)

ETH is way too easily traceable. Atleast you have bitcoin mixers which offer some sort of privacy, ETH is horrible for any private transactions.

[–]CormSilver | QC: CC 92, ETH 35, XMR 18 | NANO 27 | r/Python 97 112 points113 points  (45 children)

But you can mix eth just as well as bitcoin, only it doesn't cost $45 per mix

[–]ethswagholderCrypto God | QC: CC 221, BCH critic. 23 points24 points  (8 children)

Ethereum mixers are quite new, BTC mixers have been around for years now. Eth mixers are completely unproven, fwiw. Mixers can't be trusted out of the box, they can easily be backdoored. There is a reason people who value privacy dont use ETH as money today, maybe it will change in the future. Either way Im pretty sure they will eventually move the monies into XMR though..

[–]Savage_X 1 point2 points  (1 child)

EtherDelta is probably the best "mixer" out there

[–]nynjawitay 3 points4 points  (2 children)

More likely, Ethereum will add continue its work adding zero knowledge stuff to the EVM and then Ethereum can actually be private.

[–]BitcoinfriendCrypto God | QC: CC 111, NANO 96 0 points1 point  (1 child)

not really. It's not that easy. Eth is transaprent, so a little "privacy layer" on top doesn't offer true privacy. The only way to have true financial privacy is to use Monero which is 100% opaque blockchain by default. Using eth as a privacy coin would be like going to a vegan restaurant and asking for the Salmon + steak combo platter; it just doesn't make sense.

[–][deleted] 0 points1 point  (0 children)

shouldn't there just be a smart contract doing the mixing?

[–]GotStucked 4 points5 points  (16 children)

How is someone sure that they even get (all) their BTC back with these shady mixing services?

[–]PastaBlizzardCC: 170 karma 1 point2 points  (15 children)

They arent... They have to trust. Protocol mixing like in dash is pretty nice. Zero knowledge proofs and the like from zcash and xmr are probably best for straight private tx but they suck at everything else...

[–]GotStucked 0 points1 point  (0 children)

That’s crazy

[–]niktak11Platinum | QC: ETH 23 0 points1 point  (13 children)

How do they sick at everything else?

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    [–]skewbedBronze 14 points15 points  (4 children)

    Bitcoin is too. Ethereum has lower fees, and will be adding zk-snarks for privacy.

    [–]ethswagholderCrypto God | QC: CC 221, BCH critic. 17 points18 points  (2 children)

    zk-snarks in eth do not offer fungibility, it is for sending data within contracts as private transactions. It is really not an alternative to using XMR or multiple rounds of tumbling.

    [–]FaceDeerCrypto God | QC: ETH 81 4 points5 points  (1 child)

    Sending data "within a contract" is perfectly usable as a way to transfer value privately. ERC20 token transactions are done entirely "within a contract", as the most straightforward example. Just write an ERC20 token contract that uses zk-snarks to obfuscate internal transactions. When you want to transfer Ether to someone you buy some of that token, send him the token, and then he sells the token at the other end for Ether. An on-chain exchange can automate the buying and selling processes, too.

    [–]captainintarrnetGold | QC: XMR 64 1 point2 points  (0 children)

    Or just cut out all the bullshit and use Monero.

    [–]aminokPlatinum | QC: ETH 427, CC 385 | TraderSubs 388 0 points1 point  (0 children)

    Ethereum has already added zk-snarks. It was added in the Byzantium hard fork.

    [–]aminokPlatinum | QC: ETH 427, CC 385 | TraderSubs 388 1 point2 points  (0 children)

    Both can use mixers. Bitcoin is waaay too expensive to use mixers for it now. Privacy requires low-cost transactions.

    [–]StrekvenRedditor for 2 months. 0 points1 point  (0 children)

    How much would a BTC mixer cost with the fees? Lol.

    [–]AsianFrenchieStudent 0 points1 point  (0 children)

    How so?

    [–][deleted] 0 points1 point  (0 children)

    Why would they want to mix their coins? Bitcoin is uncensorable so they can spend their donations whenever they want.

    [–]PinkPuppyBallPlatinum | QC: ETH 605, CC 578, CT 18 | TraderSubs 148 0 points1 point  (0 children)

    You can send zk-snark transactions on Ethereum.

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      [–]mikelo22 27 points28 points  (25 children)

      I agree with you, but in their defense, Ether is not meant to be used primarily as a currency.

      [–][deleted] 14 points15 points  (24 children)

      It wasn’t meant to be used as a currency, but now it is. The market decides not the core developers.

      [–]bandersnatchhSilver | QC: CC 87, ETH 22 | r/Technology 44 5 points6 points  (0 children)

      It’s still not though.

      Almost all currencies have the velocity which is closer to a securities than a currency

      [–]fugogugoPlatinum | QC: CC 129 1 point2 points  (22 children)

      no it isn't

      ethereum still primarily used to pay fees for tokens and execute contract

      [–][deleted] 5 points6 points  (21 children)

      Ethereum outperforms BTC in all characteristics that makes Bitcoin a form of money. Ethereum is used more as a currency than Bitcoin. Nobody pays for goods and services in BTC. Most notable reasons being that the transaction fees are too high and confirmations are too long.

      [–][deleted] 0 points1 point  (20 children)

      I didn't pay for my VPN with ETH. No local trader will swap ETH for my local currency, they will with bitcoin.

      [–][deleted] 2 points3 points  (6 children)

      The ethereum blockchain only launched a few years ago give it time. Bitcoin has been out for over 8 years to date. Many businesses are looking into adopting ethereum as a payment method. Also, localethereum.com

      [–][deleted] 0 points1 point  (12 children)

      And I hope you don’t pay for your VPN in Bitcoin lol.

      [–]NEO2MOONGold | QC: CC 84, NEO 65 77 points78 points  (10 children)

      Vitalik words on the Bitcoin Cash censorship: https://youtu.be/uL9VoxCFqT0 (makes sense coming from the guy who forked Ethereum for the better)

      [–]Alkanida 16 points17 points  (0 children)

      I like that one comment there .

      "Bitbean will replace bitcoin"

      [–]kodatTin | r/Politics 10 5 points6 points  (8 children)

      his head is so huge.

      [–]Ceagodon't give me gold or reddit money 86 points87 points  (5 children)

      Don't make fun of money skeleton.

      [–][deleted] 4 points5 points  (0 children)

      Money Skeleton Daddy*

      [–]MoonManBoolRedditor for 11 months. 1 point2 points  (0 children)

      Killed me

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        [–]lIlIlIlIlIlII 4 points5 points  (0 children)

        He looks like Roy Batty from Blade Runner , maybe he is a Robot

        [–]ParkerVFXRedditor for 6 months. 363 points364 points  (170 children)

        Let me just pay $50 in fees so I can send $5 btc to them

        [–][deleted] 80 points81 points  (125 children)

        They already have support of LTC and XMR. They don't need to support a random fork which calls itself the "Real Bitcoin" and "True Vision". BCH's made of lies and manipulation. I would have no problem if they didn't try to mislead people into what is real Bitcoin.

        And people thinking Bitcoin's fees and blocksize will remain this high and same forever are not thinking longterm.

        Disclaimer: I still own a lot of BCH. Not just the free ones from the fork, but some purchased ones. I hate it but it does not mean I hate profits.

        [–]NEO2MOONGold | QC: CC 84, NEO 65 173 points174 points  (57 children)

        Many read Satoshi's whitepaper and conclude he wanted the block size to increase over the longterm and the block limit was temporary (also not hitting full blocks is in line with how Bitcoin operated for the majority of its history). So thats the rationale for why many think Bitcoin Cash is more in line with Satoshis vision and original paper. If you mean lightning network, thats a centralized solution developed by a private company and its not even close to being finished. Also Segwit is clearly not a solution to the fee issue and people are not going to tolerate $30-$150 for transfers/payments for the next year or two or longer.

        [–][deleted] 28 points29 points  (0 children)

        raises hand

        I'm a whitepaper slut. That shit is beautiful.

        [–]bubshoe 8 points9 points  (5 children)

        Many also said that it's not that easy to scale a block chain. Nothing is that cut and dry in this space.

        [–]NEO2MOONGold | QC: CC 84, NEO 65 27 points28 points  (3 children)

        Its not cut and dry but I think its the right direction. Increasing the block size is in theory scalable by itself. The limiting factor is hosting memory which can centralize the chain - but lets be honest here its all centralized in mining pools anyway. Bitcoin wont get beyond this either. Larger first layer blocks will also exponentially increase second layer tech (like lightning network) if thats on top of Bitcoin Cash compared to Bitcoin. But I dont think thats the immediate direction of Bitcoin Cash, its about making the first layer work without the need for second layer. Bitcoin cash is not strictly against second layer though. So if the lightning network was really a great solution years down the road (Im doubtful), Bitcoin Cash can adopt that as well. But the larger blocks were necessary now and for the foreseeable future imo.

        [–]bubshoe 10 points11 points  (1 child)

        Mining doesn't account for all nodes. 54gigs a year is manageable by almost all socioeconomic walks of life. Wallet software has a lot to do with the fees people are paying, that and segwit has been a slow adoption because of its non enforcement usage(backwards compatible, soft fork). I think move fast break stuff is not the best approach, but sloth movement speed in the tech industry can be problematic. But we shall see. I'm not wanting one to win over the other, I just enjoy the engaging discussions.

        [–]NEO2MOONGold | QC: CC 84, NEO 65 3 points4 points  (0 children)

        Wallet software does have to do with it but Segwit is still not cheap and microtransactions are completely off the table even with it right now. Yeah I hear you.

        [–][deleted] 0 points1 point  (0 children)

        The limiting factor is bandwidth which would centralize nodes.

        [–]garbonzo607Gold | QC: CC 62, BTC 24, BCH 20 | r/Technology 22 1 point2 points  (0 children)

        Even if Lightning Network works, it can work on BCH and have bigger blocks, just like the LN whitepaper says is needed.

        [–]maveric101Bronze | TraderSubs 11 4 points5 points  (19 children)

        Why the fuck does it matter what "Satoshi's vision" was? The fact that they came up with a good idea doesn't mean they had all the details perfectly worked out before any of it had been tested (not to mention a decade of time passing).

        [–]EirenarchPlatinum | QC: BCH 46 | r/Prog. 108 13 points14 points  (4 children)

        Why the fuck does it matter what "Satoshi's vision" was?

        It matters if you are competing for the title "real Bitcoin" where "real" is related to "original"

        [–]maveric101Bronze | TraderSubs 11 0 points1 point  (1 child)

        No, it doesn't. That implies "real Bitcoin" can never change, and that's idiotic.

        [–]nevermarkPlatinum | QC: BCH 122, CC 48, XMR 22, r/Apple 11 8 points9 points  (2 children)

        The Bitcoin system ran fine with no block limit when people used the system for transactions, but was vulnerable to spam attacks artificially bloating the blockchain. This was solved by setting a 1MB limit that was above regular-use demand.

        When non-spam demand reached the spam limit, all that needed to be done to meet demand while keeping spam protection in place was to raise the limit proportionally.

        Regardless of other issues between BTC and BCH, what BCH did was a sensible response to poor demand management by BTC.

        [–]anchoricex 2 points3 points  (1 child)

        I absolutely loathe the “satoshis vision” shit. He/she got a lot of stuff right but very likely didn’t anticipate the future of the space. We can use it (the white paper) to cherry pick what we want out of a cryptocurrency ala Christians cherry picking shit from the Bible, but at the end of the day it’s not gospel and the dudes free to show himself if he exists to state otherwise. Otherwise this is as tribalistic and dumb as religion and abiding by prophets and commandments and shit. Ver and company only use it to wrench folks away from bitcoin, because without that and the bitcoin name the BCH chain ain’t shit.

        [–]nevermarkPlatinum | QC: BCH 122, CC 48, XMR 22, r/Apple 11 7 points8 points  (0 children)

        I agree with everything but the last sentence.

        Referring to the white paper as some kind of founding document that must be followed is ridiculous. Satoshi himself would talk about block sizes, incentives, resource costs, etc., not whitepaper purity.

        However, BCH's consistency with the white paper (not to mention the whole Bitcoin project until recently) does make sense as an argument that it legitimately inherits the word "Bitcoin" in its name, perhaps ever more than BTC (regardless of technical merits either way). That is not a specious argument.

        [–]BecauseItWasThere 1 point2 points  (3 children)

        Why does Bitmain have a Chinese Communist Party member on its board?

        [–][deleted] 2 points3 points  (0 children)

        I know a lot of Chinese Communist Party members. There are 85 million people in China that are members. If you are a college student and are thinking of working for the government or just want a good job, then you have to join.

        [–][deleted] 0 points1 point  (0 children)

        Cardano is funded by GCHQ

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            [–]sqrt7744Platinum | QC: BCH 146, BTC 40 | TraderSubs 39 8 points9 points  (0 children)

            Guess what? I have bitcoin cash, as does everyone who had Bitcoin prior to the fork. I own neither litcoin not Monero, nor do I have any interest in either of them. Do you think I'm going to send Bitcoin core to them? I could try with a low fee, but they'll likely never get the money. So now they get nothing. P.s. I donated to eztv and would donate to pb as well, but not anymore.

            [–]Bergerton 8 points9 points  (9 children)

            Cheer up buddy, it's the holidays.

            u/tippr $1.00

            [–]EirenarchPlatinum | QC: BCH 46 | r/Prog. 108 1 point2 points  (0 children)

            And people thinking Bitcoin's fees and blocksize will remain this high and same forever are not thinking longterm.

            This is something that only time will show. People who bet on Bitcoin Cash are betting that high fees will stay at least long enough for BTC to lose the throne.

            [–]bitmeme 1 point2 points  (0 children)

            Raising the blocksize is more in line with “true bitcoin” than keeping it stagnant at 1mb I would say blockstream Co-opting bitcoin for their own gain is the true lie and manipulation.

            [–]GuessWhat_InTheButt 0 points1 point  (0 children)

            "A random fork". Jesus Christ. Completely ignoring the several years of scaling debate and censoring every attempt of providing solutions. Bitcoin Gold would be "a random fork". BCH definitely isn't one.

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              [–]ScruffTheJanitor 1 point2 points  (2 children)

              In this case it's not time sensitive. So using low fees would suitable.

              [–]WezzBitcoin fan 5 points6 points  (1 child)

              Yeah until the tx gets dropped...

              [–]ScruffTheJanitor 0 points1 point  (0 children)

              Using low fees as in 100 sats, not 1.

              [–]lunchb0x91 0 points1 point  (0 children)

              Should have opened a tab /s

              [–]TheHumbleFarmerTin 0 points1 point  (0 children)

              Yeah that's the thing, I love Bitcoin and always have. But I'm also not an idiot. Passionate fools will follow a women into destruction because they are desperate and think they are doing it for the power of love. Fuck love and fuck that bitch. A real money man keeps an eye on his assets and the news and makes the power plays. I don't get caught up in playing different coins sides. That's for amateurs. The fucking electricity in the air is what drives us traders. Call us shills calls them ripoff coins. I use the shit and it works. And if you don't think bitcoin has been tainted you're fucked up. I wanna see it succeed but don't call us assholes because I'm on a life raft while you fix the ship.

              [–][deleted] 0 points1 point  (0 children)

              Segwit

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                [–]KeatonofthedrakePlatinum | QC: XMR 40 17 points18 points  (0 children)

                Yeah! XMR!

                [–]rockyrainyCrypto Nerd 76 points77 points  (39 children)

                OMG, it really does say that on their site.

                Never new PirateBay is a Core supporter.

                [–]IndenturedITObserver 58 points59 points  (3 children)

                *knew

                [–]longthorPlatinum | QC: VTC 286, CC 42 13 points14 points  (3 children)

                k -you dropped this

                [–]RuveroPositive | CC: 182 karma NANO: 2118 karma OMG: 637 karma 22 points23 points  (1 child)

                Knever..?

                [–]longthorPlatinum | QC: VTC 286, CC 42 3 points4 points  (0 children)

                So you know of the word knever

                [–]rockyrainyCrypto Nerd 0 points1 point  (0 children)

                Android swipe auto complete suffers from some hilarious problems.

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                  [–]regecide2025Gentleman 99 points100 points  (82 children)

                  Whether you support it or not, what idiots let their ego get in the way of free money??

                  [–]Dockirby 35 points36 points  (8 children)

                  The people running the site may have vested interests in making sure the main bitcoin fork stays on top, or may be of the opinion that if BCach is successful, even more hard forks will be made, which could be detrimental to all Bitcoin forks or the entire crypto space.

                  [–]phachenGold | QC: Kucoin 80, CC 41 | ExchSubs 17 52 points53 points  (6 children)

                  Lol Bitcoin is already getting forked left, right, and centre.

                  Also bitcoin core blows so of course people are gonna fork it. Yes there will be some garbage forks, that's inevitable.

                  The only way Bitcoin could actually be threatened by forks, is if the forks are superior. If that's the case then I look forward to bitcoin getting dethroned.

                  [–]2manymistakessRedditor for 9 months. 23 points24 points  (5 children)

                  just an FYI..although it went unreported here. There have BEEN 11 FORKS SINCE bitcoin Gold that will occur by the end of this year. I think exchanges just stopped giving a shit after diamond

                  [–]phachenGold | QC: Kucoin 80, CC 41 | ExchSubs 17 13 points14 points  (4 children)

                  Lol I've noticed. Binance was trying to keep up but looks like they stopped as well.

                  Can't expect them to deal with this many forks, and im happy they stopped giving the forks attention. As far as I can tell, Bitcoin cash is the only fork that is worth something, and actively being developed.

                  [–]FaceDeerCrypto God | QC: ETH 81 9 points10 points  (1 child)

                  I expect Bitcoin Cash is the only fork that's worth something because it is the only one that's being actively developed.

                  [–]Jahar_Narishma 2 points3 points  (0 children)

                  False, bitcoin gold is more developed than bcash

                  [–]OdrakcinRedditor for 5 months. 1 point2 points  (0 children)

                  Decred man

                  [–]random043Platinum | QC: BCH 107, ETH 39, BUTT 19 0 points1 point  (0 children)

                  you can sell Bitcoin gold in a bunch of places.

                  but yeah.

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                    [–]foyamoonBronze | QC: ETH 19 17 points18 points  (55 children)

                    The goal of Piratebay has never been about just making money..

                    [–][deleted] 1 point2 points  (1 child)

                    Most crypto people have Bitcoin and many BTC users have free BCH.

                    [–]regecide2025Gentleman 0 points1 point  (0 children)

                    Piratebay could be getting both of those!

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                      [–]uniqueCoinRedditor for 1 month. 2 points3 points  (0 children)

                      i don't get it, does bitcoin cash have possibility for aliases and other coins don't?

                      [–]rjm101 57 points58 points  (42 children)

                      There are some seriously deluded people out there. If you don't like BCH fine but I don't know how anyone can be a Bitcoin Core advocate with the current state of the BTC fee situation.

                      [–]nevermarkPlatinum | QC: BCH 122, CC 48, XMR 22, r/Apple 11 11 points12 points  (4 children)

                      So they hate BCH so much they won't take it even from BTC supporters trying to unload it?

                      Seems like the last laugh is they could be getting BCH and trading it for BTC for both malice and profit if they really don't like BCH.

                      [–][deleted] 19 points20 points  (6 children)

                      Should have said:

                      BTC: LOL

                      BCH: LOL

                      LTC: LOL

                      XMR: 465ekY...8tu

                      Why would you want to use anything but XMR for a darknet market?

                      [–]Yulj1 - 2 years account age. 200 - 1000 comment karma. 38 points39 points  (21 children)

                      Why would anyone accepting internet donations lol at BCH?

                      [–]cryptochangements34Crypto God | QC: XMR 466, CC 15 16 points17 points  (12 children)

                      I guess even internet beggars don't want it

                      [–]ccricers 23 points24 points  (1 child)

                      Being spiteful to potential donors is probably the dumbest thing you could possibly do.

                      [–]ScruffTheJanitor 4 points5 points  (0 children)

                      More fun to make a point :)

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                        [–]watwasmyusernameGold | QC: BTC 32 9 points10 points  (4 children)

                        Pretty easy to LOL at it when you got shitheads like Roger Ver pushing and pushing it and freaking out at the name "bcash".

                        [–]Yulj1 - 2 years account age. 200 - 1000 comment karma. 33 points34 points  (2 children)

                        I don't like Roger Ver either but Blockstream is as much as laughable

                        [–]ccricers 22 points23 points  (1 child)

                        The main Bitcoin Core developers are now all under Blockstream, that is what concerns me the most.

                        [–]aksoxo 0 points1 point  (0 children)

                        Isn't McAfee doing same thing but on bigger scale?

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                          [–]DarkSyde3000 4 points5 points  (1 child)

                          That must really irritate Roger Ver lol

                          [–]Kooriki 5 points6 points  (0 children)

                          Everything irritates Roger Ver

                          [–]Liberum_CursorPlatinum | QC: BCH 41, CC 15 | ADA 12 56 points57 points  (32 children)

                          never thought I'd watch a service like that willingly turn down money!

                          the real lol is bch's low fees, who wants to spend $20 to tip piratebay $20 btc?

                          [–]cryptochangements34Crypto God | QC: XMR 466, CC 15 50 points51 points  (13 children)

                          Or use LTC or XMR...

                          [–]Hojsimpson 10 points11 points  (0 children)

                          It was cheap at $20 fees and long gone. Now it's averaging at $60

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                            [–]rjtapinim 1 point2 points  (0 children)

                            Bcash is a fucking shitcoin used to make a bunch of people ALOT of money for no reason.

                            [–]trancephorm 7 points8 points  (1 child)

                            Must be that they're not informed fees in BTC a frequently greater than donation amounts. But they will find out about it, soon... Surely enough.

                            [–]primu5dRedditor for 12 months. 6 points7 points  (0 children)

                            lol they definitely know. Why would anyone accept BCH? They have Monroe and litecoin as valuable options too. The only people commenting here are BCH shills "I guess they don't like money".

                            [–]bitmeme 5 points6 points  (0 children)

                            Donation to Pirate Bay: LOL

                            [–]sklb 4 points5 points  (0 children)

                            hihihi, hahaha 140k stuck transactions on bitcoin network.

                            [–]SILENTSAM69Bitcoin Cash 4 points5 points  (0 children)

                            They think people donate Bitcoin. lol

                            They prefer Btabs over currency.

                            [–]bijar-khanCrypto God | CC: 25 QC 0 points1 point  (0 children)

                            Only a criminal would be stupid enough to turn down free money!

                            [–]__Cyber_Dildonics__ -1 points0 points  (9 children)

                            What's more interesting is why someone with 37 karma decided to spam this to three subreddits.

                            [–]TotesMessengerTin 0 points1 point  (0 children)

                            I'm a bot, bleep, bloop. Someone has linked to this thread from another place on reddit:

                             If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads. (Info / Contact)

                            [–][deleted]  (1 child)

                            [removed]

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